OXYGEN Oxygen : the first REPO Trading Platform
Oxygen announced the launch of the world's first repo platform for the encryption economy. Repo agreements are a widely used tool in traditional asset classes. Oxygen will provide asset owners the opportunity to earn income, increase liquidity and take investment direction views across a range of cryptocernes, currencies and symbols.
The oxygen was created by the founders of Changli, the leading market for instant cryptocene exchange services with more than 1.6 million users, and a team led by Alex Griffin, CEO of the professional financial markets who held senior leadership roles at Bank of America Merrill Lynch and Goldman Sachs.
Repo is an agreement to sell securities and re-purchase them at a specified future date ("maturity") at a pre-agreed price. The repurchase process facilitates long-term financing, asset borrowing to cover bonds, re-use of collateral, active portfolio management, and safe cash investment (guaranteed) Oxygen targets a wide range of asset holders with a variety of economic objectives:
(Including strategic investors and mining workers) who seek to spread their assets as security to release capital or earn income;
Speculators and market makers who aim to take advantage of price fluctuations and to achieve arbitrage opportunities;
Post-crowd entities with early inert coding assets, which can be lent against collateral, and provide income;
Techno-tech / tech companies requiring liquidity instruments and liquidity management to deploy liquidity surpluses, or to cover liquidity gaps;
Encryption of investment funds seeking interest income by lending their portfolio assets (while maintaining exposure);
Encrypting Exchange is looking to provide more business options to its customers.
In a Cryptoribo transaction one party will borrow the encoded assets from another party and undertake to return these assets with interest at a later date. The borrower provides the lender's encryption assets as collateral, creating a secure digital transaction using a smart-based etherium contract. Oxygen will benefit from decentralized drainage technology to bring investors encryption and traders the full benefits of repo.
The intelligent, ethrium-based contract is based on the core of oxygen on a cloud, an experienced legal framework and a laboratory that supports the global $ 12 trillion market in repo.
The intelligent oxygen contract does not depend on a third party at any stage, and its conditions can not be changed without mutual agreement between the parties. All user keys are held by client-side applications, and the Oxygen Platform does not have access to the user's assets.
The intelligent contract works as a guard, clearing and settlement system, and constitutes the essence of transaction processing. Once the repo trade has been matched, Oxygen registers the transaction in the smart nodes on an ethylene pluchen network. From that point on, users interact with the smart nodes directly using the fixed ethereal address. The borrower and the lender settle the collateral and loan assets by converting them into the smart contract title. Smart contract locks the guarantee, sends the loan assets to the borrower's etherium address and tracks all current transactions.
Oxygen consists of a comprehensive set of peer exchange features, including the AI-based risk management toolkit, the community-driven demand book, the order processing engine, and the user-based classification system based on payment history. Client-side applications include a set of Web interfaces and support for all major extensions such as Parity User Interface, Metamask and MotherWall.
The Ether platform will support all ERC20 compliant codes, with combined market value greater than $ 120 billion. Once a powerful cross-chain solution appears on the market, it will be incorporated into the platform, making Betquin, Lysuan and other plutucin-based cryptocernes available.
Oxygen aims to serve both B2C and B2B markets. Repo will offer to the current 1.6 million Changli customer base and then integrate a platform into the infrastructure of financial markets to win wide acceptance among potential B2B repo users.
Oxygen is an application to be organized under the new Distributed Distribution Ledger System in Gibraltar and is intended to be registered as an alternative trading system (ATS) in the United States. The oxygen coding repo market will be run by OXG, a multi-purpose utility code, which will be used as an internal currency to cover commission fees and platform as a negotiable asset within the platform.
To learn more or participate in Eco, visit: http://oxygen.trade/
Team: http://oxy.trade/team
Facebook: https://www.facebook.com/oxygen.trade/
Blog: https://medium.com/%40oxygentrade/
Contact Twitter: https://twitter.com/oxygen_trade
Media Connection
Name of contact: Anna Zagorodnikova
Contact Email: [email protected]
